Aaron Ramsey feels Arsenal are ready to build on FA Cup glory and challenge Chelsea for the Premier League title next season – even if they do not invest in summer reinforcements.
Ramsey says he does not expect that to happen – “every club brings in new faces and a few leave” – and Chelsea goalkeeper Petr Cech and Southampton midfielder Morgan Schneiderlin are among those who have been constantly linked with summer moves to the Emirates Stadium.
But Wales playmaker Ramsey insists the current Arsenal squad is in rude health after winning the FA Cup for the second successive season last weekend.
“Even with this group of players now I believe if everyone was fit in the season we would have a great opportunity of competing for the Premier League,” Ramsey said.
“This team has come on a lot over the last few years and if we can get off to a good start next season we will challenge.
“The club is in a good place where they can afford not to let players go, we’re building on this team rather than seeing players leaving.
“It is a nice feeling and means that the group can stick together. The understanding is there already, so it can only get stronger.”
Champions Chelsea finished 12 points clear of third-placed Arsenal, but Arsene Wenger’s men were the form team after Christmas and there is growing belief in North London that they can turn cup success into the club’s first title triumph since “The Invincibles” remained unbeaten in 2003/04.
Arsenal will also have the benefit of avoiding a Champions League qualification match in August and Ramsey believes going straight into the group stages of the competition will help Wenger’s side hit the ground running.
“At the beginning of the season you’re still getting your fitness levels up and those first few games are quite tough,” said Ramsey, mindful that Arsenal have had tiring trips to Turkey at the start of the last two campaigns.
“If you sandwich a few Champions League fixtures in between them, that’s maybe too much for certain players at that time of the season.
“So it’s important to go through to the group stages without having that knock-out game to qualify.
“The good thing for us is not to have those games and hopefully that gets off to a very strong start.”
Ramsey acknowledges he had a disrupted season because of injuries but he still managed 33 starts and 10 goals in all competitions, and Spanish champions Barcelona have reportedly been tracking him.
But the 24-year-old says he was frustrated by finishing the season out wide on the right rather than in his favoured central position – and admits he has spoken to Arsenal manager Wenger about it “a few times”.
Ramsey will be restored to the centre for Wales’ crunch Euro 2016 qualifier against Belgium in Cardiff next Friday and he feels that is where he can hurt opponents.
“It’s where I play my best football and I’m very happy playing back in the middle for Wales,” said Ramsey.
“I had a chat with him (Wenger) a few times and he said it was temporary.
“But I can time my runs into the box better in the centre.
“When you’re wide you’re taught to try and get in at the far post so the ball doesn’t go straight across, but from that central position you can use your instinct where to go.
“I know in pre-season I’ve got to work my socks off to get back in the centre.
“The manager felt he needed me out wide for the back part of last season and I’ve had an effect on games out there.
“But I’m looking to play in the centre and I’m confident in my ability that I can do that and win my place back there.”
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Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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How Tesla’s price correction has hit fund managers
Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.
It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.
The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.
Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.
Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.
He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.
AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”
A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.
Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.
Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.
Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.
By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.
Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.
In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”
Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.
She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.
Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.
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Company Profile
Company name: NutriCal
Started: 2019
Founder: Soniya Ashar
Based: Dubai
Industry: Food Technology
Initial investment: Self-funded undisclosed amount
Future plan: Looking to raise fresh capital and expand in Saudi Arabia
Total Clients: Over 50
Your Guide to the Home
- Level 1 has a valet service if you choose not to park in the basement level. This level houses all the kitchenware, including covetable brand French Bull, along with a wide array of outdoor furnishings, lamps and lighting solutions, textiles like curtains, towels, cushions and bedding, and plenty of other home accessories.
- Level 2 features curated inspiration zones and solutions for bedrooms, living rooms and dining spaces. This is also where you’d go to customise your sofas and beds, and pick and choose from more than a dozen mattress options.
- Level 3 features The Home’s “man cave” set-up and a display of industrial and rustic furnishings. This level also has a mother’s room, a play area for children with staff to watch over the kids, furniture for nurseries and children’s rooms, and the store’s design studio.